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116 W Arch St 29,444 SF Retail Building Lancaster, SC 29720 $575,000 ($19.53/SF)
INVESTMENT HIGHLIGHTS
- 10,000+ daily passing vehicles and walkable access to shops, restaurants, and services
- This commercial property in downtown Lancaster offers a versatile blank canvas for a rehabilitation or adaptive reuse project
EXECUTIVE SUMMARY
This easily accessible location is the perfect site for a new investment, sitting just off Highway 521 and five minutes from the intersection with Highway 9. This confluence is the primary retail node of the region, placing businesses at the subject properties with convenient proximity to national retailers, including Belk, CVS, Food Lion, Aldi, Arby’s, Bojangles, and many more. The walkable streets of downtown Lancaster also provide convenient proximity to popular local restaurants, boutique shops, and vital local infrastructure, including the Lancaster County Administration Building and the Lancaster County Courthouse. These underutilized properties are well-known fixtures of the downtown area, seen by more than 10,000 vehicles passing on the surrounding streets each day.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Building Size
29,444 SF
Building Class
C
Year Built
1930
Price
$575,000
Price Per SF
$19.53
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.54
Lot Size
0.44 AC
Opportunity Zone
Yes
Zoning
CITY : City of Lancaster
Frontage
240’ on White St
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0068P-0Y-008.00 | Improvements Assessment | $6,768 |
| Land Assessment | $5,298 | Total Assessment | $12,066 |
PROPERTY TAXES
Parcel Number
0068P-0Y-008.00
Land Assessment
$5,298
Improvements Assessment
$6,768
Total Assessment
$12,066
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116 W Arch St
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